January 5th, 2010 by Questions
My ex wife has a lein on our property from the cra. I want to buy the property from her, but want to know if he lein will stay on the property?
Posted from: Ontario
January 06, 2010 at 6:55 am, A licensed trustee said:
If when you buy your wife’s interest from her you pay the money to CRA (as opposed to paying her) then the lien should be reduced and may be removed (if the debt is paid in full). CRA’s lien is enforceable up to the value of your wife’s current share of the equity in the house. If you can prove to them you are paying the fair value for her equity (and CRA gets the money) then they should remove the lien.
You really should be speaking with a lawyer regarding this matter.
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